129
129
Nov 9, 2012
11/12
by
KICU
tv
eye 129
favorite 0
quote 0
president obama will make his first postelection comments tomorrow on economy and america's impending fiscal clip. she will avoid tax cuts and spending cuts that will undermine the account economy. >>> wall street endured a second straight day of sauce losses. concerns about congressional gridlock on fiscal clip out weight encouraging news about another decline in weekly jobless claims. still coupons are taking after a disappointing report. analysts expected a slight profit. shares after hours are down 15% and now about 80% off a $20 per- share ipo price last november. >>> twitters says it accidentally reset passwords for a number of users after some accounts were hacked. think of this go micro blog over to a number of users about a suspected phishing scam and reset their passwords. other users have their passwords reset even though they were not compromised and twitter apologized. >>> traffic was gridlock in one part of the state as shoppers went to a new outlet mall. rob will tell us how that spending is expected to pay off big for the city of livermore. [ cheering ] >> champagne, c
president obama will make his first postelection comments tomorrow on economy and america's impending fiscal clip. she will avoid tax cuts and spending cuts that will undermine the account economy. >>> wall street endured a second straight day of sauce losses. concerns about congressional gridlock on fiscal clip out weight encouraging news about another decline in weekly jobless claims. still coupons are taking after a disappointing report. analysts expected a slight profit. shares...
121
121
Nov 9, 2012
11/12
by
KICU
tv
eye 121
favorite 0
quote 0
. >> reporter: the outlets are expected to give the economy a big boost. >> it's $200 million of tax revenue that goes into the coffers. >> reporter: the reason needed more retail. >> i think it's awesome. i don't have to go away to milpitas, i don't have to go away to vacaville, i can stay right here by home. >> reporter: mall managers are also looking to draw tourists in from san francisco hotels and this mall is already 100% leased. so a second site is scheduled to open in 2014. you can see the line of car headlines coming out of this parking lot and they're expect to have 200,000 people visit by the end of the weekend. >> walnut creek police are looking for two men who kidnapped a 57-year-old woman, stole her money and left her tied up in oakland. police say the woman was forced into her own car outside the shadeland's park office. they said the two men blindfolded and bound the woman then withdrew money using her atm card. the man left the victim tied up. >> looking into a number of feeds, security camera footage from a number of locations. >> reporter: police describe the syste
. >> reporter: the outlets are expected to give the economy a big boost. >> it's $200 million of tax revenue that goes into the coffers. >> reporter: the reason needed more retail. >> i think it's awesome. i don't have to go away to milpitas, i don't have to go away to vacaville, i can stay right here by home. >> reporter: mall managers are also looking to draw tourists in from san francisco hotels and this mall is already 100% leased. so a second site is scheduled...
148
148
Nov 9, 2012
11/12
by
KQED
tv
eye 148
favorite 0
quote 0
economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other states where more people looking for relief. later in the program, we'll look at sandy's impact on retailers. >> tom: the biggest bank in america has the okay now from uncle sam to pay back shareholders. jpmorgan will be allowed to restart a stock buyback plan early next year. like all systemically important banks jpmorgan has to get regulatory approval to change its dividend or stock-repurchase plan. the regulators want banks to have enough financial firepower to withstand troubled times before the banks will spend money on share holders. jpmorgan's buyback strategy was suspended this ye
economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other...
22
22
tv
eye 22
favorite 0
quote 0
it all sort of takes energy out of the economy and so at the end of the day they're going to do this short term remedy but it leaves us with an even larger government compared to the size of the private sector and it's just all bad news for the economy but what i'm amazed it is suddenly this if this fiscal cliff appeared the day after election day right and it must have been i have been there right it's been there for a decade now right right so then my question to you mike ok people may not agree on the solutions in the fiscal cliff they may not agree on not extending these these tax cuts they may not agree on these particular spending cuts that are from the sequester ation but one going off the fiscal cliff at least start to chip away at this cancer even if we can agree on this being the best solution to do that yes it would i would argue that we did step off the fiscal cliff and we've been in freefall ever since the bush tax cuts and we passed medicare part d. back in two thousand and one to two thousand and three is when all of these events that took place that created this cliff
it all sort of takes energy out of the economy and so at the end of the day they're going to do this short term remedy but it leaves us with an even larger government compared to the size of the private sector and it's just all bad news for the economy but what i'm amazed it is suddenly this if this fiscal cliff appeared the day after election day right and it must have been i have been there right it's been there for a decade now right right so then my question to you mike ok people may not...
201
201
Nov 9, 2012
11/12
by
LINKTV
tv
eye 201
favorite 0
quote 0
today, archaeologists struggle to reconstruct the economies of the ancient world, because an economy is essential to any society, past or present. to understand the evolution of economies is to better understand people of all places and of all times. captions by captionamerica, pittsburgh, pa. funding for this program was provided by...
today, archaeologists struggle to reconstruct the economies of the ancient world, because an economy is essential to any society, past or present. to understand the evolution of economies is to better understand people of all places and of all times. captions by captionamerica, pittsburgh, pa. funding for this program was provided by...
189
189
Nov 9, 2012
11/12
by
CNBC
tv
eye 189
favorite 0
quote 1
economy is definitely on an upward 2r5 jtrajectory. i just hope and believe that that will ten so i'm positive about the u.s. >> okay, thanks for joinings us. >>> coming up, we'll be live in chicago. plenty coming up on the docket. economic growth. if america goes over the fiscal cliff, the economy will return to recession and unemployment will go over 9%. president obama is scheduled to make his first address to the public since his re-election today. 1:00 p.m. from the white house. and it will be regarding the economy and the deficit. so joining us to make sense of all of these various cross currents is todd horowitz. todd, on top of investors minds is whether dividend rates are going up. >> you know, dividend rates are going to do what they're going to do. and they're going to solve this fiscal cliff. this is again another employ between the two parties waiting until the last minute and they'll ride in on the 11th hour and say we've solved the problem or we'll kick the can down the road for another couple of years. this is not going
economy is definitely on an upward 2r5 jtrajectory. i just hope and believe that that will ten so i'm positive about the u.s. >> okay, thanks for joinings us. >>> coming up, we'll be live in chicago. plenty coming up on the docket. economic growth. if america goes over the fiscal cliff, the economy will return to recession and unemployment will go over 9%. president obama is scheduled to make his first address to the public since his re-election today. 1:00 p.m. from the white...
16
16
tv
eye 16
favorite 0
quote 0
leaders about these so-called fiscal cliff republicans put aside partisanship to save the american economy or are we just forty eight days away from falling into total economic despair also riots again erupted in greece as the greeks continued to protest the austerity measures that are destroying their country is america out of the woods when it comes to austerity policies or is there a chance republicans will still force those crippling policies down our throats and where the newly elected congress gets under way the house will still be controlled by republicans in the senate will still be controlled by democrats what did republicans across america do in twenty one to keep as many democrats as possible out of the halls of congress and what effect did it have on this year's election. you need to know this it's time to tax the rich that's the essence of what vice president joe biden said following the democrats' big wins on election night speaking to a pool of reporters on wednesday biden said democrats clearly have a mandate on tax reform and this issue of taxes will have to be settled soo
leaders about these so-called fiscal cliff republicans put aside partisanship to save the american economy or are we just forty eight days away from falling into total economic despair also riots again erupted in greece as the greeks continued to protest the austerity measures that are destroying their country is america out of the woods when it comes to austerity policies or is there a chance republicans will still force those crippling policies down our throats and where the newly elected...
15
15
tv
eye 15
favorite 0
quote 0
commentators who are arguing that mitt romney given the state of the economy it could be another reagan carter where ronald reagan was able to beat jimmy carter in a poor economic climate and the reason that didn't happen and the reason why mitt romney really was no ronald reagan is because we're all reagan connected with voters he was an actor and he had that ability to even you know even though he. might not understand or voters might not be able to connect with his his lifestyle around reagan's lifestyle i mean obviously he was he was very well off but at the same time he was able to to connect with them on a very personal level to get that twinkle in his eye they feel that they like to able to connect with democrat with democratic crossover democratic independent voters who he appeal to mitt romney didn't have that appeal so it wasn't the same kind of you know steve i mean i'm kind of neutral here on this one ok but i'll give . you're a man what credit for he's a great campaigner i don't know if he's a great president i don't know if he's a great politician but he's a great campaign
commentators who are arguing that mitt romney given the state of the economy it could be another reagan carter where ronald reagan was able to beat jimmy carter in a poor economic climate and the reason that didn't happen and the reason why mitt romney really was no ronald reagan is because we're all reagan connected with voters he was an actor and he had that ability to even you know even though he. might not understand or voters might not be able to connect with his his lifestyle around...
21
21
tv
eye 21
favorite 0
quote 0
find out what's really happening to the global economy. financial headlines to name two kinds of reports. this give me can i speak with you sir let me just play by sort of died in your i don't agree you don't agree with. my son isn't isn't in there enough i don't know what his coffee when he's trying to argue fair. country. countries i'm curious. to help you. find in so many old says war.
find out what's really happening to the global economy. financial headlines to name two kinds of reports. this give me can i speak with you sir let me just play by sort of died in your i don't agree you don't agree with. my son isn't isn't in there enough i don't know what his coffee when he's trying to argue fair. country. countries i'm curious. to help you. find in so many old says war.
119
119
Nov 9, 2012
11/12
by
CURRENT
tv
eye 119
favorite 0
quote 0
that's the way an economy works. this notion of job craig creators being the very, very wealthy is absurd. it doesn't work -- a trickle down economics has been shown to be completely false. >> eliot: fascinating just last week, a couple of days ago the congressional research service, a nonideological straight down the middle analytical outfit did a report that concluded that. the republicans insisted they pull the report because they said it must be flawed. of course, it wasn't. it was the data proving exactly what you've just said, professor. >> they don't want to look at the data. it is like their theory of evolution and global warming. they refuse to look at the data. the economics are very, very clear. trickle down economics is bunk. the rich do not create jobs. you have to have a large buoyant middle class with money in their pockets to turn around and buy. that creates jobs. >> eliot: all right. one question, has the white house called you yet and said we want you back to be the chairman of the economic advisor
that's the way an economy works. this notion of job craig creators being the very, very wealthy is absurd. it doesn't work -- a trickle down economics has been shown to be completely false. >> eliot: fascinating just last week, a couple of days ago the congressional research service, a nonideological straight down the middle analytical outfit did a report that concluded that. the republicans insisted they pull the report because they said it must be flawed. of course, it wasn't. it was...
79
79
tv
eye 79
favorite 0
quote 0
economy stalls. i would say over the near term quite frankly the risk of a recession is more in the range of 20 to 25% as opposed to 15%. cheryl: that is higher. a lot of eyes glaring right now. talking about unemployment go up to 9.1%. you will see obviously the gdp will go down, they are saying half a percent, are you in that camp? dennis: deeper than that if they don't address the issue, if we go over the fiscal cliff. if they are too slow restoring government programs, restoring the tax cuts di. cheryl: democrats want them to be raised for those making 250, a million. the president said we're not wet sure if he will negotiate. after the election it seems the republicans will again be at a disadvantage. >> still have to consider right now small businesses who are taxed at personal uncut tax rate levels face the double whammy. not only would they find the income would be substituted to a higher rate of taxation, but they also have to face significantly greater cost for health carhealth care accordi
economy stalls. i would say over the near term quite frankly the risk of a recession is more in the range of 20 to 25% as opposed to 15%. cheryl: that is higher. a lot of eyes glaring right now. talking about unemployment go up to 9.1%. you will see obviously the gdp will go down, they are saying half a percent, are you in that camp? dennis: deeper than that if they don't address the issue, if we go over the fiscal cliff. if they are too slow restoring government programs, restoring the tax...
138
138
Nov 9, 2012
11/12
by
KCSMMHZ
tv
eye 138
favorite 0
quote 0
consumer that the economy is picking up. and consumers in the united states, the confidence level is up the highest level it has been in five years. >> we will stay for a look at the numbers in the dax. down by 0.6% on the final trading day of the week. across the atlantic on wall street coming the dow jones also flat. the euro trading at a value of $1 u.s. -- u.s. $1.2712. >> the first round of budget talks have failed to produce an agreement. european parliament is pushing for a 7% increase in spending and more money for a supplementary budget this year. germany, france, and britain want to limit increases to less than 3%. the negotiations will continue next week. >> more business news coming later in the show including economic and is from china and the once in a decade leadership change. the strongest european economy is beefing up their welfare state. parliament has approved a contentious new subsidy for stay at home parents. opposition parties have criticized this scheme as promoting outdated ideas about families in an
consumer that the economy is picking up. and consumers in the united states, the confidence level is up the highest level it has been in five years. >> we will stay for a look at the numbers in the dax. down by 0.6% on the final trading day of the week. across the atlantic on wall street coming the dow jones also flat. the euro trading at a value of $1 u.s. -- u.s. $1.2712. >> the first round of budget talks have failed to produce an agreement. european parliament is pushing for a...
113
113
Nov 9, 2012
11/12
by
WETA
tv
eye 113
favorite 0
quote 0
economy? dodge the congressional budgetary office says that if we go over in its entirety, $600 billion worth of tax increases and spending cuts, there is no doubt we will go into recession. if it is half a year or the entire year, it will depend on the rest of the world. europe is still in trouble, and emerging markets are slowing and that makes it all the more important washington get their act together. >> can the president pull anything out of the hat? >> he needs to pull something surprising. one of the things in the run-up to the election that was a case to be made for governor romney, investors thought he might be able to shop congress, surprised the situation back into alignment. the president has to bring both sides together and have talked going to an off site meeting somewhere and having a more bipartisan cabinet collected in order to bring unity. but he has to do something surprising. >> this is a self-inflicted wound, isn't it? >> absolutely. the compromises that we made to raise
economy? dodge the congressional budgetary office says that if we go over in its entirety, $600 billion worth of tax increases and spending cuts, there is no doubt we will go into recession. if it is half a year or the entire year, it will depend on the rest of the world. europe is still in trouble, and emerging markets are slowing and that makes it all the more important washington get their act together. >> can the president pull anything out of the hat? >> he needs to pull...
15
15
quote
eye 15
favorite 0
quote 1
as the number one economy by the end of twenty six to. save all that stricken spain has found yet another way to try and we fill its budget the country plans to sell around one hundred prime state properties by twenty six deign to say this could bring the country almost three billion euros in total. and speaking about
as the number one economy by the end of twenty six to. save all that stricken spain has found yet another way to try and we fill its budget the country plans to sell around one hundred prime state properties by twenty six deign to say this could bring the country almost three billion euros in total. and speaking about
37
37
tv
eye 37
favorite 0
quote 0
economy on just one hand there are just five of them. and they are the usual suspects goldman sachs j.p. morgan chase wells fargo bank of america and citigroup total assets equal eight point five trillion dollars which is fifty six percent of our entire economy. in two thousand and seven we learned the consequences of disproportionate wealth and power concentrated in the hands of just a few companies in one company begins to fail they all begin to fail and when they all fail that's what collapse looks like that's why policymakers labeled the banks too big to fail and bail them out to prevent total collapse but today these banks are even bigger and thanks to globalization their tentacles are wrapped around the entire world's economy it would just be the united states imploding the next time these giants fall take out much of planet earth itself this is the danger of raw unfettered unregulated laissez faire capitalism this is where the demands for higher and higher quarterly profits take down the company the economy eventually companies be
economy on just one hand there are just five of them. and they are the usual suspects goldman sachs j.p. morgan chase wells fargo bank of america and citigroup total assets equal eight point five trillion dollars which is fifty six percent of our entire economy. in two thousand and seven we learned the consequences of disproportionate wealth and power concentrated in the hands of just a few companies in one company begins to fail they all begin to fail and when they all fail that's what...
132
132
Nov 9, 2012
11/12
by
KQEH
tv
eye 132
favorite 0
quote 0
ultimately put the economy in the wrong direction. and that's not good for anyone. >> woodruff: at the same time, i'm sure you know there's a body of thought out there that says some of the concern about the fiscal cliff is exaggerated. even if it didn't happen by january 1 that there would still be time to get things worked out that in other words this timetable is not so urgent, really. >> well, i think that's misplaced. american businesses are already planning for 2013. we take our operating budget to our board on november 29 and we're already gaining our investments and pulling back unemployment until we figure out what the macroeconomic environment is going to do next year. so the sooner we know that, the more we can get about hiring people. so the longer it takes, the more difficult it is to be able to turn things around in 2013. >> woodruff: so each side, mr. bertolini, is arguing they've got public opinion on their side. the republicans are saying the public is behind them in believing that to raise taxes on the well-to-do peo
ultimately put the economy in the wrong direction. and that's not good for anyone. >> woodruff: at the same time, i'm sure you know there's a body of thought out there that says some of the concern about the fiscal cliff is exaggerated. even if it didn't happen by january 1 that there would still be time to get things worked out that in other words this timetable is not so urgent, really. >> well, i think that's misplaced. american businesses are already planning for 2013. we take...
127
127
tv
eye 127
favorite 0
quote 0
the topic today is the economy. so i want to bring in richard socarides, a democratic analyst and former senior adviser to bill clinton, and ana navarrnav. a cnn contributor and republican strategist. we're going to hear from the president today on the economy. as he takes the podium, he was greeted with new comments from john boehner to diane sawyer. let's listen to the republican speaker. >> talk about all kinds of things we may disagree on. i'm the most reasonable responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> now, talking about forging some kind of deal on the fiscal cliff. and those words, ana, were really interesting to me. it seemed to me that the speaker was saying help me help you. if you don't want to have problems with the tea party in congress you better start dealing with me now, mr. president. what did it sound like to you, ana? >> it sounded exactly like that. i think it's interesting
the topic today is the economy. so i want to bring in richard socarides, a democratic analyst and former senior adviser to bill clinton, and ana navarrnav. a cnn contributor and republican strategist. we're going to hear from the president today on the economy. as he takes the podium, he was greeted with new comments from john boehner to diane sawyer. let's listen to the republican speaker. >> talk about all kinds of things we may disagree on. i'm the most reasonable responsible person...
66
66
tv
eye 66
favorite 0
quote 0
this economy is awfully weak. imposing taxes to not be reduced at a time like this -- that's just not good. gerri: son's he took office, it has gone up trillions of dollars. what's the best way to get this done? you don't like raising taxes, but how do you go about the most expected way to get more money into the federal government. i hate to even say that, it sounds like a horrible thing. but if the economy were to go, how do we deal with this? >> in the last year before the crisis, the budget was only 161 billion. now it's over a trillion dollars. only half of that can be justified more and more. the rest of it is additional benefits and programs and so forth that mr. obama, and before him, speaker nancy pelosi insisted on. why don't we roll back pull back to the level of real spending adjusted for inflation that we had when president bush took office. this is obama's deficit. it's not bush's deficit. 161 billion, we had all the tax cuts in place. thankfully, we have the prescription drug coverage. gerri: is tha
this economy is awfully weak. imposing taxes to not be reduced at a time like this -- that's just not good. gerri: son's he took office, it has gone up trillions of dollars. what's the best way to get this done? you don't like raising taxes, but how do you go about the most expected way to get more money into the federal government. i hate to even say that, it sounds like a horrible thing. but if the economy were to go, how do we deal with this? >> in the last year before the crisis, the...
107
107
Nov 9, 2012
11/12
by
CSPAN
tv
eye 107
favorite 0
quote 0
is. -- economies. and what are really the economic engines of our region. to say he is sacrificing us for a energy policy that is politically expedient. and i hope he will keep his promise that he focuses on sustainable energy and abandon his support for -- our realtor is shutting down. we have barry farms here shut -- we have dairy farms here shut down since 2007. -- dairy farms since 2007. that is america's bread and butter literally. i hope he will respect the rural culture. host: alex tweets -- host: one other tweet this morning from brian -- host: brought up this morning that latino voters are urging obama to focus on immigration. here is a story from "the new york times." host: "in the sense of urgency from mr. boehner." we will focus more on that issue and issues facing latino voters later on in today's "washington journal." we will go to the democrat line. ida from longwood, florida. what is the most import issue for you in the second term? caller: the most apparent issue that the news wanted t
is. -- economies. and what are really the economic engines of our region. to say he is sacrificing us for a energy policy that is politically expedient. and i hope he will keep his promise that he focuses on sustainable energy and abandon his support for -- our realtor is shutting down. we have barry farms here shut -- we have dairy farms here shut down since 2007. -- dairy farms since 2007. that is america's bread and butter literally. i hope he will respect the rural culture. host: alex...
258
258
Nov 9, 2012
11/12
by
CNBC
tv
eye 258
favorite 0
quote 0
the economy will drive housing. if we get the economy going, housing clearly turns. if it goes back to normal building, 1.3 million units a year, which most economists say we're going to have to do soon. remember, we've added 15 million americans in the last five years or so. that's going it add 2 million jobs right there. so housing could become the thing that starts driving, help drive the economy if we get this economy going. >> isn't the industry still working through a lot of assets? isn't the industry still looking at the housing recovery largely a function of refinancing? how do you get new private money going into the mortgage market? >> so we are -- people who do mortgage are doing a lot of purchase mortgages and re-fi. 4.5 million homes are being sold a year. mortgage is still a little tight. i think one of the things that would be really good, the regulators, legislators, and businesses fix as soon as we can, what are the new rules around mortgages? it is too it tight. appraisals are too tight. income appraisals are too tight. underwriting is too tight. we
the economy will drive housing. if we get the economy going, housing clearly turns. if it goes back to normal building, 1.3 million units a year, which most economists say we're going to have to do soon. remember, we've added 15 million americans in the last five years or so. that's going it add 2 million jobs right there. so housing could become the thing that starts driving, help drive the economy if we get this economy going. >> isn't the industry still working through a lot of assets?...
146
146
tv
eye 146
favorite 0
quote 0
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carully before investing. ♪ lou: the "a-team" has arrived. tell me this, what the bleep -- no. [laughter] how much of this election, let us get right to it, should president obama have called the governor christie, too, at least when he called president -- >> the second call should have been to governor christie, and they're is a message, bipartisanship. everyone has spoken of it. now they have to deliver because bottom line the american people want leaders, bipartisanship, and consensus solutions. lou: that is very good. the think anybody should put up with governor christie in the republican party? >> they're very annoyed with him at the moment and if he has any plans to run in 2016, he has a lot of hard work to do. the first obstacle is getti
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carully before investing. ♪ lou: the "a-team" has arrived. tell me this, what the bleep -- no. [laughter] how much of this election, let us get right to it, should president...
155
155
Nov 9, 2012
11/12
by
CNNW
tv
eye 155
favorite 0
quote 0
this will bring jobs home, result in a stronger, healthier economy, and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will respond today in that same spirit. as i said wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week, the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to avert the fiscal cliff is important for our country. and i'm hopeful that product active conversations can be begin soon so we can forge an agreement that can pass the congress. >> so perhaps the most important words were said after the prepared remarks, christine romans. >> that's right. i don't want to box myself in and i don't want to box anyone else in. it's a critical, critical new position. >> do you want to know why? i knew you did. after the break, you will. ♪ ooh baby, can i do for
this will bring jobs home, result in a stronger, healthier economy, and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will respond today in that same spirit. as i said wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week, the president...
179
179
tv
eye 179
favorite 0
quote 0
a lot of money is paid out of the economy, and the economy goes from 2% growth right now where it is to about negative 1.5% growth. that would be a recession. as that car gets over that cliff, there will be an average kras, according to the congressional budget office of $3,500 per household in tax increases. this is the spending cuts. this is the bush tax cuts going away. this is the alternative minimum tax patch going away, the payroll tax holidays. $3,500 per household increase. $109 billion in automatic across the board spending cuts will take effect. half of them will be in defense. half of them will be in nondefense. the congressional budget office, the nonpart sflan body says millions of jobs will be lost, a million next year alone. unemployment will jump to % next year, and, of course, we'll be back in that recession. now, in fairness, suzanne, most thinking people don't think we'll get there, but most thinking people thought we would get a resolution to the debt limit earlier than we did too, so faith in washington doing the right thing is a little bit low, but it does sound
a lot of money is paid out of the economy, and the economy goes from 2% growth right now where it is to about negative 1.5% growth. that would be a recession. as that car gets over that cliff, there will be an average kras, according to the congressional budget office of $3,500 per household in tax increases. this is the spending cuts. this is the bush tax cuts going away. this is the alternative minimum tax patch going away, the payroll tax holidays. $3,500 per household increase. $109 billion...
91
91
Nov 9, 2012
11/12
by
CNBC
tv
eye 91
favorite 0
quote 0
saying, president obama set to lay down his starting points on the fiscal cliff debate and what the economy needs to stay in recovery mode. a setting rich in theater coming just hours after the speaker of the house, boehner, made his case. >> indeed he did, ty. thank you. i'm sue herera, along with my partner tyler mathisen. john harwood and eamon javers are in washington as we countdown to the president's statement in a few minutes. we're hearing that the white house has invited congressional leaders for a meeting at the white house next week on the fiscal cliff. that seems to mean, john, to me anyway, a little bit of progress. what type of tone do you expect, john, the president to take in this next address? >> sue, i expect him to be conciliatory and reaching out to republicans the way john boehner has tried to strike that mode on capitol hill. two different white house specialists just told me the president will walk out here and announce he's invited the bipartisan leadership of congress to the white house next week to begin talks on the fiscal cliff. i have to think there is a possibi
saying, president obama set to lay down his starting points on the fiscal cliff debate and what the economy needs to stay in recovery mode. a setting rich in theater coming just hours after the speaker of the house, boehner, made his case. >> indeed he did, ty. thank you. i'm sue herera, along with my partner tyler mathisen. john harwood and eamon javers are in washington as we countdown to the president's statement in a few minutes. we're hearing that the white house has invited...
184
184
Nov 9, 2012
11/12
by
MSNBCW
tv
eye 184
favorite 0
quote 0
this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead the common ground and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to averlt the fiscal cliff is important for our country. and i'm hopeful that productive conversations can begin soon so that we can forge an agreement that can pass the congress. and with that, i will be happy to answer some questions. >> did you think if you talk about some of the revenues, it changes the statement -- you said in a conference call you were best when everybody stuck together. do you foresee those same problems with you start talking about some of these issues? there's already
this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead the common ground and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the...
131
131
Nov 9, 2012
11/12
by
CNNW
tv
eye 131
favorite 0
quote 0
it wasn't about the economy. if it had been, as the polls suggested, mitt romney would have won. >> well, it should have been about the economy but i think that the democrats did an amazing job of making this -- really amplifying what is clearly a problem within the republican party, how we're messaging about women. the fact that we were even discussing birth control, the fact that, you know, the whole forcible rape was even part of the conversation when the polls clearly show i think that millenials are moving in a much more libertarian position when it comes to social issues. they might not necessarily be democrats but -- and they might not be republicans yet but i think that socially, libertarian is the direction the country is going. >> it may not be america's going liberal. what it is is rejecting extreme positions. i think the problem mitt romney got himself into, at his heart he's really a moderate. when you look at when he was governor in massachusetts, he wasn't that far right at all but he had to go muc
it wasn't about the economy. if it had been, as the polls suggested, mitt romney would have won. >> well, it should have been about the economy but i think that the democrats did an amazing job of making this -- really amplifying what is clearly a problem within the republican party, how we're messaging about women. the fact that we were even discussing birth control, the fact that, you know, the whole forcible rape was even part of the conversation when the polls clearly show i think...
79
79
Nov 9, 2012
11/12
by
MSNBC
tv
eye 79
favorite 0
quote 0
and keeping the economy growing. all of it goes back to the looming fiscal cliff. $700 billion in tax hikes that will take place on january 1st unless there's a deal. >> he's going to reach out in a bipartisan way. . he's going to stick to his position on the revenues, but say we have to work together and i'm willing to do my share and lead my party. >> that 396 referring to the bush tax cuts. to make a deal, the president will need to work with congress, especially house republicans and they have been opposed to tax increases. we will hear from john baoehner too for the republican party. >> raising taxes on small business people is the wrong prescription. >> raising tax rates is unacceptable. and frankly it couldn't even pass the house. putting increased revenues on the table but through reforming our tax code. >> i want to bring in ruth marcus, columnist at "the washington post" and perry bacon, an msnbc contributor. what's your sense of this? are we setting up for a feisty but doable deal? but is it also possible
and keeping the economy growing. all of it goes back to the looming fiscal cliff. $700 billion in tax hikes that will take place on january 1st unless there's a deal. >> he's going to reach out in a bipartisan way. . he's going to stick to his position on the revenues, but say we have to work together and i'm willing to do my share and lead my party. >> that 396 referring to the bush tax cuts. to make a deal, the president will need to work with congress, especially house...
47
47
tv
eye 47
favorite 0
quote 0
and that's the problem with the economy right now. is the people who create the jobs are having a tough time getting financing, to expand their businesses. melissa: but, david, i mean, you sent out this letter that some people thought was threatening to your employees saying, you know, in essence you should think before you vote for president obama because you may lose your job if he wins. he did win. and now you gave people raises. so makes it seem like, maybe the letter was disingenuous? >> well, we're very cautiously optimistic. no one lost their jobs. in fact i gave everybody a raise, effective immediately. these people, first of all, i have the greatest employees in the world. they have been with me through thick and thin. and i wanted to reward them. we're the most profitable we've been in our history. i wanted them to share in those profits. they're the ones that --. melissa: wait, wait. how are you most profitable that you have been in your history if the reason you would have to lay people off because the economy is bad, so h
and that's the problem with the economy right now. is the people who create the jobs are having a tough time getting financing, to expand their businesses. melissa: but, david, i mean, you sent out this letter that some people thought was threatening to your employees saying, you know, in essence you should think before you vote for president obama because you may lose your job if he wins. he did win. and now you gave people raises. so makes it seem like, maybe the letter was disingenuous?...
262
262
tv
eye 262
favorite 0
quote 0
president obama is addressing the nation live on the economy. we're not going to be caught by surprise with an unexpected offense. the budget director answering questions about the 2013 budget. a $2.9 billion blueprint that closes the deficit with a mixture of cost cutting, consolidations, new or increased taxes. the combination of tax hikes expected to rise over $200 million. and also balance the budget of variety casts consolidating extra office space. reducing costs. in fact that is the sticking point right now. the meeting is running along here. commissioners debating the issue of funding for a hospital system. nevertheless a vote on the budget expected to take place here shortly. today the union issued a statement saying no agreement was reached. the next negotiation meeting is planned for tuesday november 13th. if you're an illinois homeowner insured by state farm, get ready to pay a little more. the bloomington, illinois based company has announced a four point seven percent raise in homeowners' insurance. state farm insures one out of ev
president obama is addressing the nation live on the economy. we're not going to be caught by surprise with an unexpected offense. the budget director answering questions about the 2013 budget. a $2.9 billion blueprint that closes the deficit with a mixture of cost cutting, consolidations, new or increased taxes. the combination of tax hikes expected to rise over $200 million. and also balance the budget of variety casts consolidating extra office space. reducing costs. in fact that is the...
52
52
tv
eye 52
favorite 0
quote 0
. >> the economy is not getting better. everyone is talking about the economy in the head it will take because of the storm in the northeast. getting back to the map, the real killers making 40% of the revenue. wal-mart backing up their sales. on thanksgiving and when you hear these things and we talk about 1% growth, it just feels like that. it is a matter of a couple of quarters -- i believe it will get into the textbook of negative growth. neil: do you think they will have a deal by the end of the the year? >> i think it is slightly lesson of 50/50 chance. i think it is 50/50 or worse. that is what the market is showing right now. >> i think the market is sending a message and i think it is only a matter of -- when obama's first term began in 2008, we have four years of gridlock. i think there was a message here. i want to be optimistic that they will get a deal. neil: if the market is doing this, they will be forced to. we will see. we do want to keep you aware of it. we will watch it. there is that. we do have the abil
. >> the economy is not getting better. everyone is talking about the economy in the head it will take because of the storm in the northeast. getting back to the map, the real killers making 40% of the revenue. wal-mart backing up their sales. on thanksgiving and when you hear these things and we talk about 1% growth, it just feels like that. it is a matter of a couple of quarters -- i believe it will get into the textbook of negative growth. neil: do you think they will have a deal by...
99
99
Nov 9, 2012
11/12
by
CSPAN2
tv
eye 99
favorite 0
quote 0
the economy. at the same time, we must encourage support and guided development of the nonpublic sector and ensure the economic entities under all forms of ownership have equal access to factors of production in accordance with the law to compete on a level playing field and are protected by the law of equal. we should improve and accelerate the reform is a fiscal and taxation system. we should deeply reform the financial system, improve supervision cinema slate from the financial innovation from ensure financial stability. second, implement a strategy for innovation driven development. scientific and technological innovation provide strategic support for raising productive forces and the overall national strength. we must give it top priority over national development. we should powerpad civic innovation to catch up with global advances. we should increase capacities for making original innovation integrated for making photo innovation on the basis of observing advances and oversee science and te
the economy. at the same time, we must encourage support and guided development of the nonpublic sector and ensure the economic entities under all forms of ownership have equal access to factors of production in accordance with the law to compete on a level playing field and are protected by the law of equal. we should improve and accelerate the reform is a fiscal and taxation system. we should deeply reform the financial system, improve supervision cinema slate from the financial innovation...
258
258
Nov 9, 2012
11/12
by
KQED
tv
eye 258
favorite 0
quote 0
is an authoritarian regime running the world's second- biggest economy. modern leaders paying homage to pass commonness, mouse at all -- mao tse tung included. >> we must crack down on corruption at all times and thoroughly investigate cases of major corruption. anyone who breaks the law, whoever they are, must be brought to justice without mercy. gregg's the successor, the current vice president, was chosen by party leaders five years ago in a process of back room deals and compromises. he will be installed as the new general secretary next week. outside, china looks increasingly modern. there is a widespread sense that growth is slipping and what is needed now is more reform. but a fear that the party may not be able to relax the market still has on part of the economy or submit itself to more checks and balances. >> the pressure for real reforms is building in chinese society. the last 10 years were a lost decade. >> instead, the communist party has tightened its hold and become more intolerant of those who question its right to will. this way, a taxi
is an authoritarian regime running the world's second- biggest economy. modern leaders paying homage to pass commonness, mouse at all -- mao tse tung included. >> we must crack down on corruption at all times and thoroughly investigate cases of major corruption. anyone who breaks the law, whoever they are, must be brought to justice without mercy. gregg's the successor, the current vice president, was chosen by party leaders five years ago in a process of back room deals and compromises....